The Reason That Fiscal Policy Was Not Helpful in the 1970s

question 10

Multiple Choice

The reason that fiscal policy was not helpful in the 1970s was that such policy is aimed at

• A)both aggregate demand and aggregate supply,but the problem was only with demand
• B)both aggregate demand and aggregate supply,but the problem was only with supply
• C)aggregate demand only,but the problem was in aggregate supply
• D)aggregate supply only,but the problem was in aggregate demand
• E)either aggregate demand or aggregate supply,but the problem was with both of them at once

---

Definitions:

Economic Recession

A period of temporary economic decline during which trade and industrial activities are reduced, often identified by a fall in GDP in successive quarters.

Americans

Citizens or nationals of the United States, a diverse population with varied cultural, social, and economic backgrounds.

Nonprofit Organizations

Organizations that operate for the purpose of serving a public or mutual benefit other than the pursuit or accumulation of profits for owners or investors.

Marketers Overcome

The strategies and efforts employed by marketers to address and surmount obstacles or challenges in achieving their goals or in the marketplace.